Goldman Sachs has dropped plans to develop a Goldman-branded credit card for retail customers, another casualty of the firm’s strategic pivot.
Goldman Sachs CEO David Solomon said Tuesday that the US economy appears more likely to avoid a deep recession this year.
Cryptocurrency firm Paxos will cease issuing new Binance USD, or BUSD, stablecoins under the direction of New York state’s financial regulator, Binance founder Changpeng Zhao said Monday. Paxos’ own stablecoin was not impacted.
UK financial regulators are investigating Barclays PLC (BARC.L) for alleged failures in compliance and anti-money laundering systems, the Financial Times reported Friday.
According to its fourth-quarter earnings report, JPMorgan pulled out of home loans after reporting a 46% year-over-year decline in mortgage income. According to Bloomberg, the bank saw its mortgage lending drop by 60% in 2022 as a series of rate hikes drained consumer demand for home loans.
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SoftBank Group Corp posted a net loss for October to December on Tuesday, with its investment giant Vision Fund remaining in the red for a fourth straight quarter as valuations of technology portfolios were yet to recover from a global selloff.
Federal Reserve Chairman Jerome Powell said on Tuesday that last week's booming jobs report underscored why officials expect to approve another rate hike to tame inflation, and similar data in coming months could call for even sharper rate hikes. than expected.
Minneapolis Federal Reserve President Neel Kashkari said Tuesday that the sharp job growth in January was evidence that the central bank has more work to do to tame inflation.
U.S. stocks fell on Monday as investors faced another mix of gains and weighed the outlook for interest rates after a January jobs report.
Shares lost 0.6%, closing Monday’s trading session in the red after the company reported earnings that beat Wall Street estimates.
Binance, the world's largest crypto exchange, will suspend deposits and withdrawals in US dollars, the company said on Monday, without giving a reason for the decision.
The Federal Reserve raised interest rates by a quarter of a point at the end of its two-day policy meeting, citing persistent inflation.
Wells Fargo announced a $50 million grant to support the nation’s largest civil rights and social justice organization in its continued efforts to advance racial equity in America.
Adani's market losses swelled above $100 billion on Thursday, sparking worries about a potential systemic impact a day after the Indian group's flagship firm abandoned its $2.5 billion stock offering.